A Recap on the performance of EM Currencies in 2018
On this episode of LMD's Benchmark, we have Saritha Wijesekera taking a closer look at how emerging currencies and the LKR have faired in the last year.
The LKR and other Emerging Market Currencies in 2018: What's Happening?
Asian currencies have seen a sell off while the US dollar has strengthened. This has been due to a series of global factors and one such factor being the US-China trade war. However, the main fator has been the rate hikes initiated by the Federal Reserve. Investors have also resorted to sell emerging market stocks due to the position these countries have in the global value chain that is shared with China.